China's economy grew at faster-than-expected 6.8% in Q1

20/04/2018

It was above the official 2018 target of "around 6.5 per cent", which would be among the world's strongest if achieved.

"China has always opposed the abuse of commercial defense measures (.) We are ready to expand cooperation with the United States to reduce differences", assured Wang Hejun, executive of the Ministry, after asserting that the measures are in tone with Chinese law and the rules of the World Trade Organization.

The ministry launched the investigation in February in what many observers said was meant as a retaliation for the Trump administration's tariffs on Chinese solar panels and washing machines late a year ago.

It was unclear whether that might mollify Mr Trump, who has threatened tariff hikes on 150 billion U.S. dollars of Chinese goods in response to complaints Beijing pressures foreign companies to hand over technology. Analysts had predicted output growth would cool to 6.2 percent from 7.2 percent in the first two months of the year.

Shanghai: China offered a potential trade peace offering to the Trump administration on Tuesday, saying it would allow electric vehicle companies to set up shop there this year without a local joint venture partner, and that it would set a timetable for the rest of the auto industry to build or run their own Chinese factories in the coming years.

This follows an investigation launched by the USTR under Section 301 of the U.S. Trade Act of 1974, which allows for the unilateral imposition of duties in retaliation to unfair trade practices.

The overall economic policy has become less favourable for economic growth. Recent data confirm that this affects the economy.

Tesla Pauses Model 3 Production, Netflix Rides High
Steward Partners Investment Advisory LLC acquired a new position in shares of Tesla during the 3rd quarter valued at $447,000. Shares of the company have performed -13.39% over the last three months and moved -4.21% over the last 12- months.

Real estate investment accelerated to 10.4 percent in the quarter - the fastest pace in three years - compared with a 9.9 percent rise in the first two months of this year.

However, analysts say the battle will take a toll on growth. E-commerce sales surged 35.4 per cent, up 3.3 percentage points from the previous quarter.

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